Foley & Lardner LLP is pleased to announce the publication of the third edition of “The Uneasy Chaperone – A Resource for Independent Directors of Mutual Funds,” which has been updated to reflect the Dodd-Frank Wall Street Reform and Consumer Protection Act, recent Supreme Court decisions and other regulatory changes.
The third edition, co-written by Foley partner Stuart Fross and James Storey, offers a wide-ranging look at the responsibilities of mutual fund boards of directors and challenges facing the independent director. It also provides insight on how to handle conflict and complexity generated by the modern fund group.
Reflecting the most recent effects of numerous regulations, this updated edition provides timely information on what the Securities and Exchange Commission (SEC) expects from fund directors in order to assess effectiveness and independence. Additionally, it informs directors on best practices endorsed by the Investment Company Institute (ICI), including the completion of orientation and staying abreast of industry developments.
“The Uneasy Chaperone” provides background on featured topics, including:
About the Authors:
Stuart Fross is a partner with Foley & Lardner LLP with 28 years of experience in mutual funds. He specializes in investment funds and investment management.
James Storey serves as an independent director on the boards of several mutual fund groups and acts as counsel to the independent directors at a number of other fun groups and has 40 years of experience in mutual fund governance.